04 June 2019

Carey Olsen advises Inflexion on £1 billion double fundraise

Lawyers from Carey Olsen's corporate team in Guernsey have advised Inflexion Private Equity Partners (Inflexion) on the successful final close of two new funds, Inflexion Enterprise Fund V and Supplemental Fund V.

Domiciled and administered in Guernsey, the two private equity funds have secured commitments at their hard cap of £400 million and £600 million respectively.

Focused on the UK lower mid-market, Inflexion Enterprise Fund V will make investments of £10 million to £35 million in established businesses. Inflexion Supplemental Fund V will support the firm on larger investments, investing primarily alongside Inflexion Buyout Fund V, a £1.25 billion fund, and Inflexion Partnership Capital Fund II, a £1 billion fund, both of which were raised concurrently in 2018. The funds will invest across all sectors and each investee company will have access to Inflexion’s extensive resources spanning digital enhancement, international expansion, acquisition support, operational improvement and talent management.

Working alongside onshore legal adviser Ashurst, the Carey Olsen team advising on the formation of both Guernsey-domiciled funds was led by partner Andrew Boyce with support from senior associate John Scanlan and associates Rachel de la Haye and Nele Bhebhe.

Andrew said: "We are delighted to have once again acted for Inflexion on this swift double fundraising. It says a lot about Inflexion's impressive track record that it is able to attract such strong support from investors and be in a position to hold a final close on both funds in such a short period of time."

Recently named UK House of the Year and the Grand Prix House of the Year at the 2019 Private Equity Awards, Inflexion is a leading UK private equity manager, specialising in the UK mid-market sector. It has a portfolio of 42 companies, reaches 150 countries and employs more than 20,000 people.